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20121201
20121231
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CNBC
Dec 24, 2012 12:00pm EST
in with jane wells in glendale, california doing her share of shopping today. over to you. >> maria, this is the galleria, one of the largest malls in l.a. it has been open a few hours. we have moderate traffic. no bags there. i see c's candy, a macy's bag there. game stop. what the mall is telling us is in the last few days people are arriving later and staying a lot later, quote, our food court folks can't shut down. but are people spending is the question? the sign of the day is 50% off. no self-respecting store is without such a discount today. tracking into the weekend though suggests it is beginning to look a lot like christmas 2007 says craig johnson of customer growth partners. that is not good. he tells me now like then sales have decelerated all through december. he now expects only 2.8% sales growth, the slowest since the end of the recession and morning star's paul swinlin had this take on the last weekend. >> in general people were a little bit flat, a little tepid, a little nervous. i guess there's still last night and today but, you know, it wasn't -- it was busy but
CNBC
Dec 26, 2012 3:00pm EST
washington throwing the fiscal cliff talks down. >> held hostage, the head of a california company tells lawmakers what he thinks about the fiscal cliff. >> i'm brad adams and the ceo of sun stone component group in california. if the politicians in washington don't get this situation resolved, undoubtedly there will be a downturn in economic activity and a direct impact to our business. it's a very severe situation. treat this as an economic problem and stop playing politics and take leadership for the situation and get it resolved. . excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit
CNBC
Dec 27, 2012 4:00pm EST
combining the new it had factioncates and california rates. if you live in california, effectively dividends of a california company with a california owner is going to be taxed 74%. that's crazy. >> better to see companies leaving california as their tax domicile? >> companies leaving, people leaving, but more importantly companies have a price of paying dividends? those making the checkses are all in the highest tax rate. you reduce the income in the equity markets. >> again, we're talking worst case scenarios in this point of these effective tax rates that are possible certainly. i'll give you that, but don't we really expect the rates too-to-go up a lot less than that as congress comes together and compromises on these very consentious issues? >> right now congress, the 20% rate plus the 3.8% rate on -- on the health care reform, that's still widening the debt bias. what happens when you widen the debt bias? companies leverage more. companies that are leveraged companies they invest less and create less jobs. >> yeah, go ahead. >> finally, investors get hooked into debt securit
FOX Business
Dec 20, 2012 3:00pm EST
growth. >> 12% of the properties in california. we know california's financial situation is dire at this moment. i follow it closely. any erosion there or worrying trends? >> not so far. it's hard to build in california. if there's an existing shopping center, it's going okay, like in los angeles -- >> leading me to the next question. a lot of the guys are sprucing up existing malls. there's not as much out right building, or what are you doing? what's the choice here? >> the economics are not there to justify new buildings. rents have not recovered to the levels they were years ago so in terms of buying land, getting it titled, zoned, and then building just doesn't make economic sense. it's easier to renovate and expand what you already own. >> we're showing what retailers are in most properties. walmart, sears, petco, best buy, and then dollar tree, t.j. maxx, ross, i don't know, is one area doing benter than another right now >> >> i think the analogy of a barbell works. the low eed discounts doing well, and the high end. it's the people in the middle struggling for the right business
FOX Business
Dec 17, 2012 3:00pm EST
today. the brandt was not quite as well known. california had a very growing population. the opportunities for the business was really back in the west coast during those years. they collected to pull back and focus on the west and, at this point, we now see the land scape a little differently and we are very excited and open to several stores in texas this year, as well as oklahoma. they are doing terrific. liz: these are the lucky states florida, georgia, pennsylvania and maryland. how did you choose those four states? >> we actually started in texas this year. two in dallas and two in houston and one in san antonio. liz: i am talking east coast. i am a california girl. it is unbelievable how everyone there knows their favorite ones. i know everyone talks about how the bordeaux is the favorite. that is not mine. my favorite is the milk chocolate covered caramel. i would leave 50,000 of them if they were put in front of me. the unit hurdle is, of course, warren buffett's favorite. >> the product just felt like hot cakes in those locations. they will do very well with stores
FOX Business
Dec 31, 2012 3:00pm EST
grabbing people. representative, a democrat from california. thank you so much for joining us . we have less than nine hours to go. tell me, what do you think will happen? >> let's be hopeful. let's be hopeful that we did a good, balanced deal. the ceos of looking for a balanced deals. i think there is one to be had. we have to pick a number where we have adequate revenues, somewhere above 250,000. okay. as a number. then on the cut side, keep in mind that in the budget control act of this year we have already well over a trillion, nearly a trillion 3-$400 billion of cuts already to take place. this sequestration is in addition to that. there are serious cuts coming down. they have to be done wisely, and that is why sequestration is a problem because it is not a wise way to make cuts. liz: i know you well because i'm from california. of watch your career closely. you and i both went to berkeley. you also went to harvard business school. you understand business. we cannot outsize the government to what those tax revenues are that comment. must we not at some point make everybody feel it,
FOX Business
Dec 3, 2012 3:00pm EST
a budget deal by year end. joining us from stanford, california, martin feldstein. thank you for being with us. the republicans now responding. negotiations well underway to avoid a fiscal cliff. to your point, you recently said, even if we reach a deal, the economy is still at series risk of a recession. >> that is right. we are looking at and economy that is very weak. growth was very disappointed. less than 2% real gdp growth in 2012. we will be struggling to achieve that next year, even without hitting the economy with more fiscal bad news. if we go over the cliff, it is really a major downturn. uncertainty remains about what is coming next. put that all together and we could certainly be put on the edge of a recession. lori: that manufacturing number coming in the low 50s, singling contraction. is that the first signal that this economy really is in trouble? >> certainly not the first signal. household earnings down. real disposable personal income has not increased since may. we are really looking at an economy that is weak. ooly thing keeping keeping consumer spending goin
Search Results 0 to 6 of about 7